A potential bidding war between two buyout firms is brewing over Furniture Brands International Inc., which filed for chapter 11 earlier this week with a plan to sell most of its assets to Oaktree Capital Management, Dow Jones Daily Bankruptcy Review reported today. KPS Capital Partners, a New York private-equity firm that focuses on turning around troubled manufacturers, emerged yesterday at a bankruptcy court hearing as a possible rival bidder for the St. Louis-based furniture maker.
